Phase 1 of AMRL SEZ completed, 13 companies begin operations
AMRL SEZ, a multi-product special economic zone marketed by Attivo, has completed phase 1 of the proposed project spread across 250 acres.
About 13 companies have begun operating from the SEZ and have exported close to $100 million. The second phase is expected to be launched in 2021, the company said in a statement. Built on the smart city concept, AMRL SEZ will encompass an SEZ with an adjoining proposed DTA (domestic tariff area) and a free trade and warehousing zone. The project entails the development of an integrated industrial zone over 2,518 acres in Nanguneri in the Tirunelveli district of Tami Nadu.
The SEZ will house a diverse set of industries – electronics, medical equipment, general engineering, auto ancillaries and components, solar, and many more – and has the potential to generate employment in excess of 20,000, the company said in a statement. Corporate groups including global manufacturers from sectors like renewable energy, defense, aerospace, electronics, and toys have initiated discussions to set up facilities in AMRL SEZ as a part of their plan to relocate their operations from China to India, the company added.
A leading medical equipment manufacturer has already signed a memorandum of understanding to develop a medical equipment research and manufacturing unit over 117 acres. Commenting on AMRL SEZ’s potential as a manufacturing hub, Attivo CEO Indranil Dasgupta said: “At a time, when companies are planning to shift their manufacturing facilities outside China, AMRL SEZ is offering them a golden opportunity to relocate with ready-to-move-in infrastructure. We are receiving a lot of enquiries from global manufacturers and we believe that this SEZ will act as a catalyst in turning the ‘Make In India’ dream into reality.”